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Tonight, I am stranded in a hotel in Chicago. The Chicago airport is closed for the night. I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. Our current processes and dependencies on Excel spreadsheets cannot get us to our goal. It is 3:00 AM.
The focus is on the role of supply chain finance in driving supply chain excellence. The design of the conference includes tours of several modern warehouses and centers of excellence. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. The River of Demand. #3
My schedule had me on a plane to Chicago at the time of the presentation. Q: You mention that Executive Buy-in is the biggest stumbling block. What techniques are being used to get executive buy-in? Q: What is the best metric to begin analyzing when starting to evaluate Supply Chain agility?
Volatility in pricing trends are opportunities to lock in contractual rates, though shippers and logistics providers must also maintain flexibility to leverage spot buys as needed. Adopt performance metrics for carriers. Keep in touch with market realities. It is still a people business. He currently serves as Sr.
Proper demand forecasting and inventory control can help ensure a business doesn’t buy insufficient or excessive inventory. Demand forecasting can help you spend less money on both inventory purchase orders and warehousing , as the more inventory you carry, the more expensive it is to store. Ryan Casas, COO of iloveplum. Short-term.
This week, I spoke at the Chicago CSCMP round table event. I was an avid student of supply chain excellence; and in this role, I watched as best-of-breed solution after best-of-breed solution replaced with more complicated technology. Buying patterns are changing quickly, and the insights are multi-dimensional. I was a skeptic.
Match invoices to shipping log You’ll want to double check your purchase orders or invoices against your shipping log to make sure there aren’t any discrepancies. Using technology that keeps inventory counts synced in real-time rather than using something static like Excel helps with the following. 3PLs like ShipBob help with this. “We
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